Daily credit repair news

Protect Yourself From Credit Repair Scams - North American Press Syndicate

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Indeed, attorneys for the Federal Trade Commission, the nation's consumer protection agency, say they've never seen a legitimate credit repair operation. ...

Be careful of debt counselors: Some can make matters worse - USA Today

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A company representative offered him a credit repair program for a discounted fee of $850, he says. "I don't know what's going to happen to my credit at ...

Bailout Monitor Sees Lack of a Coherent Plan - New York Times

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"You cannot repair this economy if you can't repair those families, and I'm not sure the people directing the bailout see that as their job. ...

UCF Economist: Credit Crunch Will Contract US Economy Through Holidays - University of Central Florida

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2, 2008 UCF Economist Sean Snaith says all of the United States' "credit arteries" are affected by the financial downturn. Preliminary sales figures from ...

US Government Should Insure Municipal Bonds, Bloomberg Says - Bloomberg

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2 (Bloomberg) -- The US government should insure municipal bonds to promote job growth and help repair the nation's tax-free credit market, New York Mayor ...

Big Three survival bailout requests rise to $34B - The Associated Press

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Along with detailed stabilization plans, the auto executives were offering up a hefty dose of humility and a host of symbolic concessions designed to repair ...

Fed extends terms of 3 liquidity programs to April - Reuters

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Bernanke said vigorous action was required of US policy-makers to repair growth, suggesting the Fed would use unconventional central banking tools alongside ...

GE Provides $79.5 Million Credit Facility to Market Leader in Franchised Auto Body Repair and Painting (The Auto Channel)

Posted: 01 Dec 2008 01:52 PM CST

NORWALK, Conn. December 1, 2008: GE Antares Capital today announced it served as administrative agent for a $79.5 million senior secured credit facility to support the acquisition of Maaco Franchising by Driven Brands, the parent company of Meineke Car Care Centers, Econo Lube N' Tune, AutoQual, Aero Colours, Drive N Style, and Tortal.net.

GE Provides $79.5 Million Credit Facility to Market Leader in Franchised Auto Body Repair and Painting (Business Wire via Yahoo! Finance)

Posted: 01 Dec 2008 09:16 AM CST

NORWALK, Conn.----GE Antares Capital today announced it served as administrative agent for a $79.5 million senior secured credit facility to support the acquisition of Maaco Franchising by Driven Brands, the parent company of Meineke Car Care Centers, Econo Lube N' Tune, AutoQual, Aero Colours, Drive N Style, and Tortal.net.

U.S. Government Should Insure Municipal Bonds, Bloomberg Says (Bloomberg)

Posted: 02 Dec 2008 07:22 PM CST

Dec. 2 (Bloomberg) -- The U.S. government should insure municipal bonds to promote job growth and help repair the nation's tax-free credit market, New York Mayor Michael Bloomberg said today.

Woman Accused of Stealing Money From AIDS Charity in Memphis (Eyewitness News Memphis)

Posted: 02 Dec 2008 04:39 PM CST

Police say a woman has been accused of using a credit card belonging to a local AIDS charity to repair her car.

Tight credit hampers Ike recovery efforts (Moldova.org)

Posted: 02 Dec 2008 08:02 AM CST

A sour economy is hampering recovery efforts in Galveston, Texas, two months after Hurricane Ike caused 17 deaths and damaged most of its houses, observers say.With credit for construction loans tight and the area's largest employer, the University of Texas Medical Branch at Galveston, not slated for restoration, the tourism industry that once pumped $700 million per year into the economy has ...

Tight credit hampers Ike recovery efforts (UPI)

Posted: 02 Dec 2008 08:02 AM CST

GALVESTON, Texas, Dec. 2 (UPI) -- A sour economy is hampering recovery efforts in Galveston, Texas, two months after Hurricane Ike caused 17 deaths and damaged most of its houses, observers say.

Beware of Bad Credit Counselors (WOWK-TV West Virginia)

Posted: 02 Dec 2008 04:06 PM CST

Some counselors may do more harm than good by getting you into more financial trouble.

Why Flaherty could use a bigger crisis (Investment Executive)

Posted: 02 Dec 2008 09:40 AM CST

The one good thing that can come out of a catastrophe is that it forces you to repair things that have been left in need of fixing for far too long. On that basis, federal Finance Minister, Jim Flaherty, may wish that this financial crisis was just a bit worse.

(AFX UK Focus) 2008-12-02 22:14 UPDATE 2-Fed extends terms of 3 liquidity programs to April (Interactive Investor)

Posted: 02 Dec 2008 04:49 PM CST

WASHINGTON, Dec 2 (Reuters) - The U.S. Federal Reserve said on Tuesday it was extending the terms of three emergency liquidity facilities by three months, "in light of continuing strains in financial markets." The Fed said the extension of the Primary Dealer Credit Facility, the Asset-Backed Commercial Paper Money Market Fund Liquidity Facility and the Term Securities Lending Facility until ...